Tuesday, Sep 22, 07:32 GMT
EUROPEAN Trading Newsletter
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International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
To Get Started
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- WEBINAR VIDEOS: FX Market Pulse by Raghee Horner
- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: USD/JPY Breaking trendline by César B. Leiceaga
Yen strength is predominant during this morning's european opening and dollar weakness is bound to continue if signals like this one persist.
FX Market Readings: EURO and GBP firmed up to slide again by Dr. S. Sivaraman
FX Path: AUD/USD - Bearish Correction within Uptrend by James Chen
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Sep 22, 08:00 GMT
Type of Session: Webinar
US Pre−Market Open
Expert: Ed Ponsi
Start: Tue, Sep 22, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 22, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Sep 22, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 22, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Sep 22, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Short USD positions extended further against the EUR
Danske Bank A/S − Short USD positions were mainly built by positioning for a stronger EUR, as speculative investors added to their long positioning in the single currency while EUR/USD rose well above 1.46. Long EUR positions have thus risen to March−2008 levels, and have reached 24 percent of open interest.
GBP/USD
Sterling loses ground as the Bank of England's Trade Weighted Index drops to 79.70 by Mizuho Corporate Bank
Cable has formed a potential ‘head−and−shoulders' top since June but remains well above Fibonacci retracement support. Be very careful
NZD/USD
The NZD took off to the skies, pushing through 0.71 to a 13−mth high by Saxo Bank
The NZD took off to the skies, pushing through 0.71 with ease and reaching a mid−morning high of 0.7185. Near term−targets remain 0.7215 and 0.7375.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 22 | 12:30 | Retail Sales ex Autos (MoM) | 0.1% | 1.0% |
| Sep 22 | 12:30 | Retail Sales (MoM) | 0.5% | 1.0% |
US HOUSING PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 22 | 14:00 | Housing Price Index (YoY) | - | -5.6% |
| Sep 22 | 14:00 | Housing Price Index (MoM) | 0.5% | 0.5% |
KBC News Picks - US: Further signs of improvement in housing market by KBC Bank
Both housing under construction and housing completed dropped in August. The data provide further evidence that the US housing market is doing better, but the improvement is more remarkable in the market of new and existing homes.
[ Full Story ]UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 08:30 | Bank of England Minutes | - | - |
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% |
Which central bank will pull the trigger first? by Easy Forex
There appears to be a rift at the Fed over how quickly to hike rates and scale back quantitative ease as the US economy recovers.
[ Full Story ]- Asian market mixed, caution dominates ahead of Fed, G−20; Euro and Yen bounce up (FXstreet.com)
- CURRENCIES: Dollar Rises Ahead Of Fed Meeting, G20 (Dow Jones)
Live Daily Broadcast - Today's Live Show: A Look at the USD, EUR, GBP and JPY Ahead of the Fed by AllThingsForex
FX View - Thoughts of FOMC's exit strategy bolster dollar to the start week by Interactive Brokers LLC
Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 22 | 06:15 | Trade Balance | 1.79B | 2.03B | 2.21B |
- Switzerland Trade Balance surplus decreases to 1.79B in Aug (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 21 | 14:00 | US | Leading Indicators (MoM) (Aug) | 0.6% | 0.8% | 0.9% |
| 22:45 | NZ | Current Account (2Q) | 0.12B | -1.88 | -0.68B |
|
| Sep 22 | 05:45 | CH | SECO Economic Forecasts | |||
| 06:15 | CH | Trade Balance (Aug) | 1.79B | 2.03B | 2.21B |
|
| 12:30 | CA | Retail Sales (MoM) (Jul) | 0.5% | 1.0% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jul) | 0.1% | 1.0% | ||
| 14:00 | US | Housing Price Index (MoM) (Jul) | 0.5% | 0.5% | ||
| 14:00 | US | Housing Price Index (YoY) (Jul) | -5.6% | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Sep) | 16 | 14 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 20) | -49 | |||
Educational Resources
Featured Educator: Kim Cramer Larsson
Kim Cramer Larsson has 19 years in the financial industry and 12 years experience in working with technical analysis. He's a close contributor of FXstreet.com and will also be Key Speaker at FXstreet.com's International Traders Conference in Barcelona on October 14−16. Check his author's page to know more about him and his contributions!
Related Resources
Today's Trading Signals - The most viewed report of FXstreet.com
Key Speaker at the ITC 09 Barcelona on October 14-16 - Register deadline is October 2nd!